Information  X 
Enter a valid email address

Business Post Group (UKM)

  Print      Mail a friend       Annual reports

Thursday 23 December, 2004

Business Post Group

BPG signs agreement

Business Post Group PLC
23 December 2004




          Business Post signs agreement with the Administrators of NCN

Business Post, the UK's leading independent express delivery company, has signed
an agreement with the Administrators of NCN Limited ('NCN'), which runs a
national network of independent express parcel delivery firms and which went
into administration yesterday. In the year ended 31 May 2003, NCN had an audited
turnover of £25.2 million.

The agreement gives Business Post access to NCN's centrally-serviced customers
and its network members. Business Post proposes to agree terms with some of the
network members to deliver consignments into Business Post's depots, for final
delivery by Business Post (hitherto, network members have been responsible for
both collection and delivery). The consideration for the agreement is modest,
and dependent upon the retention of NCN's customers and members, on a
turnover-related basis. At this stage, it is not possible to quantify how much
turnover may be retained by Business Post.


Enquiries:

Business Post Group plc
Paul Carvell (Chief Executive)                                   0121-335 1111
Peter Fitzwilliam (Finance Director)                             01753-706 070
Alec Ross (Director)                                             0121-335 1111

Bankside Consultants Limited
Charles Ponsonby                                                 020-7444 4166




                      This information is provided by RNS
            The company news service from the London Stock Exchange